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Mild Hybrid Electric Vehicle Market Growth, Size, Trends Analysis- By Capacity, By Vehicle, By Battery - Regional Outlook, Competitive Strategies and Segment Forecast to 2034

Publisher SPER Market Research Pvt. Ltd.
Published Apr 24, 2025
Length 244 Pages
SKU # SPER20056961

Description

Mild Hybrid Electric Vehicle Market Introduction and Overview

According to SPER market research, ‘Global Mild Hybrid Electric Vehicle Market Size- By Capacity, By Vehicle, By Battery – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Global Mild Hybrid Electric Vehicle Market is predicted to reach 625.05 Billion by 2034 with a CAGR 17.76%.

A Mild Hybrid Electric Vehicle (MHEV) is a hybrid vehicle that integrates an internal combustion engine (ICE) with an electric motor to improve fuel efficiency and lower emissions. Unlike full hybrids, MHEVs cannot run solely on electric power. Instead, the electric motor supports the engine by supplying additional power during acceleration and recovering energy during braking, which is stored in a battery. This system enhances the efficiency of the engine, leading to reduced fuel consumption and fewer emissions.

Restraints:

A key obstacle is the higher upfront cost of MHEVs compared to traditional internal combustion engine (ICE) vehicles, which may deter budget-conscious consumers. The integration of electric and combustion powertrains also adds complexity, requiring specialized manufacturing and technology, which increases production costs. Limited consumer awareness and understanding of MHEVs further hinder their adoption, particularly in regions less familiar with hybrid technologies.

Scope of the report:

Report Metric Details
Market size available for years 2021-2034
Base year considered 2024
Forecast period 2025-2034

Segments covered
By Type, By Application

Regions covered

North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa

Companies Covered

Ford Motor Company, General Motors, Honda Motor Company Ltd, Hyundai Motor Company, Kia Motors Corporation, Mitsubishi Motors Corporation, Nissan Motor Co. Ltd., Suzuki Motor Corporation, Toyota Motor Corporation, Volkswagen AG, and others.

Global Mild Hybrid Electric Vehicle Market Segmentation:

By Capacity:
Based on the Capacity, Global Mild Hybrid Electric Vehicle Market is segmented as; Less than 48V, 48 V and above.

By Vehicle:
Based on the Vehicle, Global Mild Hybrid Electric Vehicle Market is segmented as; Passenger Cras, Commercial Vehicles.

By Battery:
Based on the Battery, Global Mild Hybrid Electric Vehicle Market is segmented as; Lithium-ion, Lead Acid, Others.

By Region:

This research also includes data for North America, Latin America, Asia-Pacific, Europe and Middle East & Africa.

Table of Contents

244 Pages
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Mild Hybrid Electric Vehicle Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Mild Hybrid Electric Vehicle Market
7. Global Mild Hybrid Electric Vehicle Market, By Capacity, (USD Million) 2021-2034
7.1. Less than 48V
7.2. 48 V and above
8. Global Mild Hybrid Electric Vehicle Market, By Vehicle, (USD Million) 2021-2034
8.1. Passenger cars
8.1.1. Less than 48V
8.1.2. 48 V and above
8.2. Commercial vehicles
8.2.1. Less than 48V
8.2.2. 48 V and above
9. Global Mild Hybrid Electric Vehicle Market, By Battery, (USD Million) 2021-2034
9.1. Lithium-ion
9.2. Lead Acid
9.3. Others
10. Global Mild Hybrid Electric Vehicle Market, (USD Million) 2021-2034
`10.1. Global Mild Hybrid Electric Vehicle Market Size and Market Share
11. Global Mild Hybrid Electric Vehicle Market, By Region, 2021-2034 (USD Million)
11.1. Asia-Pacific
11.1.1. Australia
11.1.2. China
11.1.3. India
11.1.4. Japan
11.1.5. South Korea
11.1.6. Rest of Asia-Pacific
11.2. Europe
11.2.1. France
11.2.2. Germany
11.2.3. Italy
11.2.4. Spain
11.2.5. United Kingdom
11.2.6. Rest of Europe
11.3. Middle East and Africa
11.3.1. Kingdom of Saudi Arabia
11.3.2. United Arab Emirates
11.3.3. Qatar
11.3.4. South Africa
11.3.5. Egypt
11.3.6. Morocco
11.3.7. Nigeria
11.3.8. Rest of Middle-East and Africa
11.4. North America
11.4.1. Canada
11.4.2. Mexico
11.4.3. United States
11.5. Latin America
11.5.1. Argentina
11.5.2. Brazil
11.5.3. Rest of Latin America
12. Company Profile
12.1. Ford Motor Company
12.1.1. Company details
12.1.2. Financial outlook
12.1.3. Product summary
12.1.4. Recent developments
12.2. General Motors
12.2.1. Company details
12.2.2. Financial outlook
12.2.3. Product summary
12.2.4. Recent developments
12.3. Honda Motor Company Ltd
12.3.1. Company details
12.3.2. Financial outlook
12.3.3. Product summary
12.3.4. Recent developments
12.4. Hyundai Motor Company
12.4.1. Company details
12.4.2. Financial outlook
12.4.3. Product summary
12.4.4. Recent developments
12.5. Kia Motors Corporation
12.5.1. Company details
12.5.2. Financial outlook
12.5.3. Product summary
12.5.4. Recent developments
12.6. Mitsubishi Motors Corporation
12.6.1. Company details
12.6.2. Financial outlook
12.6.3. Product summary
12.6.4. Recent developments
12.7. Nissan Motor Co. Ltd.
12.7.1. Company details
12.7.2. Financial outlook
12.7.3. Product summary
12.7.4. Recent developments
12.8. Suzuki Motor Corporation
12.8.1. Company details
12.8.2. Financial outlook
12.8.3. Product summary
12.8.4. Recent developments
12.9. Toyota Motor Corporation
12.9.1. Company details
12.9.2. Financial outlook
12.9.3. Product summary
12.9.4. Recent developments
12.10. Volkswagen AG
12.10.1. Company details
12.10.2. Financial outlook
12.10.3. Product summary
12.10.4. Recent developments
12.11. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links

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